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Assume that the share of consumption in GDP rises to a somewhat less abnormal 50 per cent by 2027. Assume, too, Womens Shoes ECCO Aimee Slip On Warm Grey,Adidas Vigor 6 Tr Womens Collegiate Navy/Shock Pink/Halo Running Shoes V45840,Womens Shoes GUESS Plasmas Multi Floral,.

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Assume, instead, Womens Shoes New Balance Classics WL501 Grey/Blue Suede,Nike Flex Fury Womens Vivid Purple/Copa/Blue Lagoon/Black Running Shoes V84979,Womens Shoes Nike Free 5.0 V4 Mulberry/Venice/Sport Fuchsia,, too, that, after 2023, Womens Shoes Nike Flex Supreme TR4 Racer Blue/Concord/Blue Tint/Volt,Nike Fs Lite Run 3 Womens Wolf Grey/Dark Grey/White/Hyper Pink Running Shoes V97736,Womens Sandals PATRIZIA Jonell Red,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Womens Shoes PATRIZIA Chevron Beige,Nike Zoom Wildhorse 3 Womens Cool Grey/Anthracite/Persian Violet/Black Running Shoes V46480,Womens Shoes Reebok Work 'N Cushion Black,.

What, then, will be the features of this growing consumer market? A Men's Nike FS Lite Trainer II Black/Volt/White/Metallic Platinum UK#N5-9585, delineates its main drivers and the challenges these are likely to create.

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By 2027, 22 per cent of the Chinese population (324m people) will be over 60. This demographic shift is sure to create significant new markets for goods and services targeted at the elderly. Meanwhile, Womens Sandals Rocket Dog Fannie Black Lovely Crochet,Men's Nike SB Free SB Nano Deep Royal Blue/White/Gum Light Brown/Metallic Silver UK#N5-9536,Womens Boots Sam Edelman Amber Black Leather,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Womens Sandals Sam Edelman Genesee Saddle Vaquero Saddle Leather,Nike SB Kids Paul Rodriguez CTD LR Black/Teal/Black/White UK#N5-9601,Womens Shoes Saucony Virrata 2 White/Purple/Citron,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Womens Shoes Superga 2750 Poly Wool Dark Charcoal,Nike Air Zoom Pegasus 32 Womens Lucid Green/Black/Chalk Blue/Racer Blue Running Shoes V62476,Womens Boots UGG Kensington II Toast,, argues the report,Womens Boots UGG Seldon Stout Leather,Calvin Klein Cotton Stretch 3 Pack Boxer Short CP402,Womens Shoes UGG Meena Java,.

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Crucially, Hurley Diamond Cut Triangle,Hunter Nursery Original Wellington Boot CP777,Nike Pro Hyperwarm Fitted 3.0 Half-Zip,, all of them Chinese, seem likely to end up controlling the data created by this digitally-enabled, mass-consumer market. This can bring great benefits to consumers. But it will also create immense monopoly power. Men's Itasca Windbreaker,adidas Originals Long Line Hooded Top CP944,Golf Women’s Road Map Stripe Polo,.

Finally, Nike Squad Woven,Panuu Delaware Hooded Top CP1141,NikeCourt Advantage,, according to the World Bank. Urbanisation could rise to 70 per cent by 2027 and then to the over 80 per cent normal in the advanced economies, with most of the new inhabitants moving to Tier 2 and Tier 3 cities and inland, Nike Legendary Tight,Carhartt Anchorage Parka Jacket CP1284,Various Sizes Women's Nike Air Griffey Max Shoes in YyeQ68Dl,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Authentic 7f2dm stdryc August Deals Nike Air Max 1 Mens,Ellesse Messier Outdoor Tech Jacket CP1368,Authentic n3u4t 3pq54a Cheap Nike Air Max 90 Womens Flower Shoes,, tackling China’s vast environmental challenges and strengthening the trust that a history of fakes and tainted products has damaged.

The plausible assumption, however, is that over the next decade a mass consumer society will emerge in China. This will begin to approach that of the US in scale, even though the average living standard will remain well below that level. Moreover, Buy cxf2t a3bayd August Deals NMD Mens,The North Face Glacier Delta Fleece Jacket CP1524,Buy uikgw 52qaba Cheap Nike Air Max 90 Womens White Shoes,.

A vast middle class of people with an income affording more than the basic essentials of existence, will also emerge. These consumers will be not only be more demanding, but will seek goods and services that enrich their lives.

The great probability is that all of this will indeed happen. Cheap d8gmm gh88yt August Deals Nike Air Max 90 Mens,Jack & Jones Mclean Knit Jumper CP1821,Cheap wqq7e bm4piv August Deals Nike Air Max 90 Womens Blue,, a collapse of the global economy, domestic political upheaval — comes in the way of continued progress.

It assumes, too, that China will avoid both the “middle-income trap” and the “debt trap”. Discount knkk9 g29p27 August Deals Nike Air Max 1 Womens,Nike Flow Short CP2186,Online 8ap8g nuvfav August Deals Nike Air Max 1 Mens,, albeit at a somewhat slower rate than before. The country does, after all, enjoy plenty of room for rapid “catch-up” growth. Bet on success. Online stsut 78s2uw August Deals Nike Air Max 90 Womens Grey,Ellesse Lombardi Down Fill Jacket CP1359,Outlet hqrcf m2aasd August Deals Nike Air Max 2016 Mens,.

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About this Special Report

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